Citizens Financial Group Inc. RI boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 717,328 shares of the company’s stock after purchasing an additional 3,952 shares during the period. Procter & Gamble makes up approximately 1.4% of Citizens Financial Group Inc. RI’s portfolio, making the stock its 14th biggest holding. Citizens Financial Group Inc. RI’s holdings in Procter & Gamble were worth $103,611,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Carson Advisory Inc. grew its position in Procter & Gamble by 0.5% during the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after acquiring an additional 65 shares during the period. Trilogy Capital Inc. lifted its stake in shares of Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after purchasing an additional 67 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after purchasing an additional 67 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after purchasing an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. increased its position in Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after purchasing an additional 69 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Stock Up 0.2%
Shares of Procter & Gamble stock traded up $0.30 during trading hours on Friday, hitting $147.15. 12,472,118 shares of the company’s stock traded hands, compared to its average volume of 8,997,727. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a market cap of $342.65 billion, a PE ratio of 21.51, a PEG ratio of 6.25 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $146.58 and a 200-day simple moving average of $148.37.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is currently 63.60%.
Procter & Gamble News Roundup
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: RBC Capital reportedly initiated/maintained a Buy rating on Procter & Gamble, reinforcing confidence in the company’s defensive earnings profile and dividend stability.
- Positive Sentiment: Bank of America kept a Buy rating on PG while lowering its price target to $166 from $170, still implying meaningful upside from current levels.
- Positive Sentiment: Recent commentary highlighted PG as a Dividend King with a long history of dividend growth, plus product launches such as Braun NEVO and Cascade Clean and Dry Booster Rinse Aid that could support brand momentum.
- Neutral Sentiment: Several market recap pieces noted that PG had recently underperformed the broader market in prior sessions, reflecting some near-term pressure rather than a company-specific shock.
- Neutral Sentiment: Other articles focused broadly on dividend investing strategies and retirement income ideas, using PG as an example of a reliable income stock rather than citing a new business catalyst.
- Negative Sentiment: One article framed PG as facing a “fresh market test,” suggesting investors are still assessing whether its valuation and growth outlook justify renewed buying.
Analysts Set New Price Targets
PG has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group raised their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Barclays reduced their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Evercore set a $162.00 price objective on Procter & Gamble in a research note on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.42.
Read Our Latest Analysis on PG
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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